India faces a year of high government debt supply. This could keep borrowing costs up in the bond market. Finance Minister Nirmala Sitharaman’s budget may increase gross borrowing significantly. Large debt maturities and state government issuance are pushing yields higher. This may add pressure to the economy. The Reserve Bank of India is injecting liquidity.
Tata Consumer Products shares tumble 5% after Q3. What should investors do?
Tata Consumer Products shares dropped significantly on Wednesday. This occurred even as the company reported a 38% year-on-year profit jump and 15% revenue increase for